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Home»Tag: mortgages

Tag Archives : mortgages

U.S. wants Deutsche Bank to pay $14B over bad mortgages
Business

U.S. wants Deutsche Bank to pay $14B over bad mortgages

Saheli 18 Sep 2016 311 Views

The U.S. Department of Justice asked Deutsche Bank, Germany’s biggest lender, to pay $14 billion to settle an investigation into the sale of residential mortgage-backed securities. The company said it has “no intent” to pay the huge sum tied to the bank’s sale of mortgages between 2005 and 2007 and ... Read More »

Nearly 6 million still owe more on mortgages than their homes are worth
Real Estate

Nearly 6 million still owe more on mortgages than their homes are worth

Saheli 23 Aug 2016 307 Views

Five years after the housing recovery began, 5.9 million borrowers still owe more on their mortgages than their homes are worth. The so-called negative equity rate in the U.S. is falling, now at 12 percent of all mortgaged homeowners, according to Zillow, down from more than 14 percent a year ... Read More »

Real Estate

Saheli 30 May 2016 376 Views

Another U.S. bank is now offering a low down payment mortgage. Wells Fargo introduced the yourFirstMortgage program Thursday that offers home loans for up to $417,000 with down payments as little as 3%. The San Francisco-based bank said the program is aimed at helping low- and moderate-income people and first-time ... Read More »

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